Retirement plan

BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN

Name: BAKER DISTRIBUTING CORPORATION - BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: BAKER DISTRIBUTING CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN, BAKER DISTRIBUTING CORPORATION

BAKER DISTRIBUTING CORPORATIONEIN 03-0215576Plan #001PY 2024

P.O. BOX 50 - NORTH CLARENDON, VT 05759802-773-3397

Prospect flagsLow returnsLow participant contributionFailed to transmit contributions

How to read this page

Total assets (EOY)

$10.4M

+2.1% from 2023

Total participants

282

-19.4% from 2023

Average account balance

$39,389

+35.4% from 2023

Annual return

11.06%

-5.44 pp from 2023

Benchmarks

See 2,351 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants100-249

Cohort2,351 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$10.40M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$39K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

264

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

89.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$459K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.06%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$225

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.10+ years Filed as: NEWPORT RETIREMENT SERVICES, INC. Service code 13 · EIN 27-2037969 300 INTERNATIONAL PARKWAY · HEATHROW, FL 32746	Contract Administrator	$33,359
CITIGROUP GLOBAL MARKETS INC10+ years Filed as: CITIGROUP GLOBAL MARKETS, INC. Service code 26 · EIN 13-2919773 105 WEST VIEW DRIVE · COLCHESTER, VT 05446	Advisory (Participants)	$25,959
NEWPORT GROUP, INC.4 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131 815 CONNECTICUT AVE, NW · WASHINGTON, DC 20006	Bank Trustee	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

3 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).

Expense breakdown

Schedule H Part II

Admin total

$59K

$353 / participant

Recordkeeping$33K56.2%
Investment mgmt$26K43.8%

% of EOY assets

0.570%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GALLAGHER FLYNN & COMPANY
Auditor EIN: 030225774
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,389

$88,117-55.3%

$164,928-76.1%

$74,400-47.1%

Participation rate

89.3%

73.1%+16.2pp

78.6%+10.7pp

67.2%+22.1pp

Annual return

11.06%

17.27%-6.2pp

70.08%-59.0pp

1367.51%-1356.4pp

Employer contribution / active EE

$1,009

$2,596-61.1%

$4,343-76.8%

$2,624-61.6%

Participant deferral / active EE

$1,724

$4,501-61.7%

$6,034-71.4%

$4,348-60.4%

Admin fee / account holder

$225

$2,230-89.9%

$12,684-98.2%

$1,944-88.4%

Provider

Service type

Compensation

NEWPORT GROUP, INC.10+ years

Filed as: NEWPORT RETIREMENT SERVICES, INC.

Service code 13 · EIN 27-2037969

300 INTERNATIONAL PARKWAY · HEATHROW, FL 32746

Contract Administrator

$33,359

CITIGROUP GLOBAL MARKETS INC10+ years

Filed as: CITIGROUP GLOBAL MARKETS, INC.

Service code 26 · EIN 13-2919773

105 WEST VIEW DRIVE · COLCHESTER, VT 05446

Advisory (Participants)

$25,959

NEWPORT GROUP, INC.4 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

815 CONNECTICUT AVE, NW · WASHINGTON, DC 20006

Bank Trustee

BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

BAKER DISTRIBUTING CORPORATION 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion